U.S. wooing other motorcycle firms amid Harley spat, Trump says

Image
Reuters WASHINGTON
Last Updated : Jul 03 2018 | 8:35 PM IST

WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday his administration is working to lure other motorcycle companies to the United States, following Harley-Davidson Inc's decision to shift some production for European customers overseas.

"Now that Harley-Davidson is moving part of its operation out of the U.S., my Administration is working with other Motor Cycle companies who want to move into the U.S," Trump said on Twitter, adding "The U.S. is where the Action is!

Trump gave no details about what steps his administration is taking, and representatives for the White House did not immediately respond to a request for comment.

Harley-Davidson officials also had no immediate comment.

Trump has threatened to impose higher taxes on the Milwaukee-based manufacturer in retaliation for its decision to shift some production for European-bound motorcycles from U.S. facilities to avoid tariffs being imposed by the European Union to counter Trump's own tariffs.

Motorcycle companies based outside the United States include Japan's Honda Motor Co Ltd and Yamaha Corp, Europe's BMW and Ducati as well as India's Hero MotoCorp Ltd, Bajaj Auto Ltd, among others.

(Reporting by Susan Heavey and James Oliphant in Washington and Rachit Vats in Bangalore; Additional reporting by Tim Ahmann; Editing by Doina Chiacu and Jeffrey Benkoe)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 03 2018 | 8:27 PM IST

Next Story